Question: QUESTION 2 2 . 1 Use the information provided below to calculate the following. 2 . 1 . 1 Economic Order Quantity 2 . 1
QUESTION Use the information provided below to calculate the following. Economic Order Quantity Number of orders that are required each year Total carrying costs. INFORMATION The monthly demand for Product Z sold by Sakha Traders is units. The purchase price is R per unit. The carrying cost of inventory amounts to of the purchase price. The ordering cost is R per order. REQUIRED Determine the value of closing inventory as at March and gross profit for March from the information supplied below. Use the format of the Statement of Comprehensive Income to present your answer. The statement must include, amongst others, opening inventory, purchases, carriage on purchases and closing inventory. INFORMATION You are provided with the inventory record of Appliance Megastore, which sells microwaves, for the month ended March The business uses the specific identification method to value inventories. Inventory record of microwaves for the month ended March Purchase priceInventory on MarchInventory on March Note: The purchase price of each model was unchanged during March The purchase prices above exclude carriage on purchases of R on each microwave.
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